Report: Many affordable homes in Klang Valley, but buyer awareness low

The majority of affordable housing are located in the outskirts of the greater Klang Valley, while first time buyers prefer locations like Hartamas, Damansara or KL city centre. — Picture by Yusof Mat Isa
The majority of affordable housing are located in the outskirts of the greater Klang Valley, while first time buyers prefer locations like Hartamas, Damansara or KL city centre. — Picture by Yusof Mat Isa

KUALA LUMPUR, Oct 26 — Thousands of affordable homes costing between RM200,000 and RM250,000 are available in the greater Klang Valley, but few buyers know about it, according to The Star daily.

Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri Fateh Iskandar said there must be one authority providing big data to generate more awareness that these properties are available nationwide, the newspaper reported today.

“Although financing is an issue, there has to be awareness that these units are widely available,” Fateh Iskandar was quoted saying.

The paper cited an undated property industry survey indicating that the majority of affordable housing are located in the outskirts of the greater Klang Valley, while first time buyers prefer locations like Hartamas, Damansara or KL city centre.

The paper’s own survey revealed that most of the houses within the RM200,000 to RM250,000 range are located about 30km from the Kuala Lumpur City Centre. These areas are: Kajang, Bukit Jalil, Kepong, Setia Alam, Cheras, Klang and Cyberjaya.

Depending on location, the affordable units measure between 662sq ft and 1,635sq ft for a double-storey house and most have three bedrooms and two bathrooms.

On a national basis, 70 per cent of the homes within the price range are apartments with some projects exceeding 2,000 units.

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